Define the velocity of money. What determines velocity? How are changes in velocity related to inflation/deflation?
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Velocity is the average number of times a unit of money is used to purcha...View the full answer
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Related Book For
Principles of Money Banking and Financial Markets
ISBN: 978-0321339195
12th edition
Authors: Lawrence S. Ritter, William L. Silber, Gregory F. Udell
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